Grayscale: AAVE Could Surge to $175 in the Next Year

BlockBeats News, June 18th, the latest report from Grayscale Research shows that in a one-year baseline scenario, the price of the Aave native token AAVE may reach $175. Grayscale states that as asset management firms begin to apply traditional financial valuation models to DeFi tokens, Aave's current fair value is around $80 to $100. Grayscale estimates that Aave's net income in 2026 will be around $60 million, and analyzes it using methods such as cash flow discounting, earnings multiples, and comparisons with banks and fintech companies.

The report states that Aave's revenue is projected to grow by over 6 times between 2023 and 2025, with the protocol's estimated profit margin at around 50%. Grayscale believes that Aave's lending activities, GHO stablecoin, and institutional products may support future profit growth. However, Grayscale also notes that protocol revenue itself does not necessarily guarantee token value. Fees may be paid to liquidity providers, used for operational costs, or held by the DAO, and token holders usually do not have the same legal claim rights as shareholders.

CoinShares also applies a similar long-term valuation framework to Hyperliquid's HYPE token and ETH, with the baseline scenario valuing HYPE at $147 and ETH at $4935 by 2031.